EFTA02712811.pdf

From: Richard Kahn < Sent: Tuesday, September 8, 2015 5:57 PM To: jeffrey E. Subject: Fwd: New Issue $25 Par. Wells Fargo & Company (WFC) Perpetual Preferred Stock; Revised Guidance: 6.00% 'The Number' Attachments: Wells Ser V Pfd red.pdf, Untitled attachment 00266.htm if you are interested it appears yield will be 6% (not =.125%) fixed for life please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 tel fax cell = Begin forwarded message: From: =/b>"Atlas, Andrew 5" < Subject: =/b>New Issue $25 =ar: Wells Fargo & Company (WFC) Perpetual Preferred Stock; Revised =uidance: 6.00% 'The Number' Date: =/b>September 8, 2015 at 1:51:23 PM =DT To: =/b>"Richard Kahn ( < Hi Rich, Looks like WFC Preferred is going to =rice at 6%. Speak soon, Andrew EFTA_R1_02132370 EFTA02712811  Andrew S. Atlas Financial Advisor Equity Sales/Middle Markets =roup Morgan Stanley Wealth =anagement Midtown Manhattan Complex 1290 Avenue of the Americas, 12th Floor New York, NY 10104 Tel/Direct: <mailto From: Atlas, Andrew S (Wealth Mgmt MS) Sent: Tuesday, September 08, 2015 10:20 AM To: Richard Kahn Subject: New Issue $25 Par: Wells Fargo & Company =WFC) Perpetual Preferred Stock; 6.00% - 6.125%; Fixed- for-Life Good Morning Rich. Hope you had a great Labor Day. Here is a WFC New =ssue Preferred that I thing Southern Trust Company will be interested =n. Issuer: &n=sp; &nbs=; =nbsp; Wells Fargo & Company (Ticker: WFC) Securities =ffered: =epositary shares each representing 1/1,000th interest in a share of =on-cumulative perpetual Class A Preferred Stock Series V &nb=p; Format: &n=sp; =nbsp; &n=sp; SEC =egistered =nbsp; Expected =atings: =Baa2/BBB/BBB (St/Neg/St) 2 EFTA_R1_02132371 EFTA02712812  Size: &nbs=; =nbsp; &n=sp; $250mm (10mm shares) &nb=p; Maturity: =nbsp; &n=sp; Perpetual Price =uidance: &=bsp; 6.00% - 6.125%; Fixed =or Life &nb=p; Offer =rice: &n=sp; &nbs=; $25 per depositary share &nb=p; Dividends =nbsp; &n=sp; Quarterly, in arrears on =he 15th of March, June, September, and December &nb=p; First =ay: &nbs=; =nbsp; December 15, 2015 &nb=p; Optional Redemption: In whole, or in =art, on December 15, 2020, or any dividend payment date thereafter, at = redemption price equal to $25,000 per share of Series V Preferred =tock (equivalent to $25 per depositary share), plus an amount equal to any declared and unpaid dividends, without accumulation =f any undeclared dividends. The Series V Preferred Stock may also be =edeemed by us at our option in whole, but not in part, prior to =ecember 15, 2020, upon the occurrence of a "regulatory capital treatment event," as described herein, at a redemption =rice equal to $25,000 per share of Series V Preferred Stock (equivalent =o $25 per depositary share), plus an amount equal to any declared and =npaid dividends, without accumulation of any undeclared dividends. (See Red) &nb=p; Use of =roceeds: = GCP &nb=p; QDI/DRD =ligible: = Yes, See Red for tax and withholding details. Subject to U.S. Tax =ithholding for NRA Clients Yes* &nb=p; &nb=p; Expected =isting: =nbsp; NYSE under the symbol WFCprV Settle: &n=sp; =nbsp; &n=sp; =oday's Business Speak soon, 3 EFTA_R1_02132372 EFTA02712813  Andrew Andrew S. Atlas Financial Advisor Equity Sales/Middle Markets =roup Morgan Stanley Wealth =anagement Midtown Manhattan Complex 1290 Avenue of the Americas, 12th Floor I New York, NY 10104 Tel/Direct: <mailto Important Notice to Recipients: Please do not use e-mail to request, authorize or effect the purchase or sale of any =ecurity or commodity. Unfortunately, we cannot execute such instructions provided =n e-mail. Thank you. The sender of this =-mail is an employee of Morgan Stanley Smith Barney LLC ("Morgan Stanley"). If you have =eceived this communication in error, please destroy all electronic and paper =opies and notify the sender immediately. Erroneous transmission is not intended to =aive confidentiality or privilege. Morgan Stanley reserves the right, =o the extent permitted under applicable law, to monitor electronic =ommunications. This message is subject to terms available at the following link: http://www.morganstanley.com/disclaimers/mssbemail.html.&nb=p; If you cannot access this link, please notify us by reply message and we will send the =contents to you. By messaging with Morgan Stanley you consent to =he foregoing. 4 EFTA_R1_02132373 EFTA02712814